Siluanov called the possible privatization of part of Rosneft

Siluanov called the possible privatization of part of Rosneft


Moscow. April 15. The deal on the privatization of a 19.5% stake in Rosneft may take place in the second half of the year, said Minister of Finance Anton Siluanov in interview to TV channel CNBC.

The cost of the package, according to the authorities, may be 650 billion (9.8 billion dollars). Shares of” Rosneft” is the most expensive asset that you plan to privatize this year to replenish the revenue side of the budget amid poor commodity market conditions. The owner of this package is the state holding Rosneftegaz.

The Russian President Vladimir Putin on Thursday said that the authorities will seek a strategic partner “who understands and is sure that no need to superdelegate when buying, say, 19% of Rosneft shares.

Siluanov in an interview to CNBC stated that the “greedy investor will not be able to participate in privatization,” adding, however, that a state may consider all proposals.

Legal Advisor of the transaction for the sale of Rosneft shares will be made by the firm of White & Case, investconsult has not yet been disclosed.